An order that gives instructions to cancel the order if the price conditions are not met when the order reaches the market is called a ____ order.
A) Market
B) Stop
C) Limit
D) Day
E) Fill or kill

Question

Quizplus · Accepted Answer

A "Fill or Kill" (FOK) order is an instruction given to a broker to execute a transaction immediately and in its entirety at a specified price, or not execute it at all. This type of order is used to ensure that the entire order is filled at the desired price conditions, or else it is cancelled, hence it matches the description given.

An Order That Gives Instructions to Cancel the Order If